2022-12-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                               12 DECEMBER 2022


Category         Summary                        Comments
                                                   vacancies, partially offset by additional spend on
                                                   casual staff and external labour hire ($690.1k).
                                                • Training costs $41.5k under YTD budget (29.1%
                                                   or $108.8k of $374.0k annual budget spent)
Materials and    $21.9 million (39.4%) of the   •     Civil Operations $457.5k over YTD budget
Services         $55.7 million annual budget          (46.4% or $3.9 million of $8.4 million annual
                 has been expended.                   budget spent)
                                                •     Holiday Parks $127.4k above YTD budget (42.3%
                                                      or $1.9 million of $4.5 million annual budget
                                                      spent)
                                                •     Waste Management $145.3k above YTD budget
                                                      (39.4% or $5.2 million of $13.1 million annual
                                                      budget spent)
                                                •     ICT Services $106.4k over YTD Budget (40.7% or
                                                      $1.7 million of $4.1 million annual budget spent)
                                                •     Community Facilities $76.1k over YTD budget
                                                      (45.9% or $1.1 million of $2.3 million annual
                                                      budget spent)
                                                •     Insurance Costs $48.9k over YTD budget
                                                      (101.0% or $738.8k of $730.9k annual budget
                                                      spent)
                                                •     Environmental Services $69.2k below YTD
                                                      budget (27.0% or 905.3k of $3.4 million annual
                                                      budget spent)
                                                •     Infrastructure Planning, Design & Delivery $58.9k
                                                      below YTD budget (4.8% or $20.7k of 429.9k
                                                      annual budget spent)
                                                •     Asset Management $47.6k below YTD budget
                                                      (22.4% or $336.8k of $1.5 million annual budget
                                                      spent)
Finance Costs    Currently on track             •     Whilst existing loan borrowings are set with fixed
                                                      interest rates, any further RBA rate rises will
                                                      impact finance costs on new loan borrowings
Depreciation     Currently on track             •     Current inflationary conditions for construction
                                                      inputs will continue to impact the value of
                                                      Council’s infrastructure assets and depreciation.
                                                      The annual asset revaluation cycle will quantify
                                                      the financial risk by end of financial year.
Other Expenses   Currently on track             Nil




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